Regulatory Alerts2017-12-22 | 12740Central Bank of Lebanon Decision No. 12740 Amending Decision No. 7835 on Reserve Requirements
The Central Bank of Lebanon issued Decision No. 12740 to amend Decision No. 7835 regarding mandatory reserve requirements. The amendment suspends the deduction of mandatory reserves for loans that the Central Bank has agreed to extend after December 20, 2017, allowing banks to utilize balances under Decision No. 6116. This measure was adopted following a resolution by the Central Bank Council on December 20, 2017, and entered into force immediately upon issuance.
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